In the News

Title

Who Ate Joe’s Retirement Money? Sequence Risk and its Insidious Drag on Retirement Wealth

Document Type

Article

Publication Date

8-28-2015

Abstract

Defined Contribution (DC) plan participants are haunted by an invisible risk called sequence risk (sometimes called sequence-of-returns or path dependency risk), that is, getting the “right” returns but in the “wrong” order. Sequence risk in the retirement phase has been studied extensively.